DENVER - (10/28/04) -- Open Technology Solutions, LLC, aCUSO, said it has partnered with uMonitor to automate new memberenrollment, cutting the time it takes to open new accounts from 40minutes to around seven minutes. The system automates such newaccount processes as background and credit checks, helping toreduce errors, time and creating a more positive new memberexperience. The new system is scheduled for implementation laterthis year at Bellco CU and Bethpage FCU, the two founding membersof the CUSO.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
3h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
7h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
9h ago -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
9h ago -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
11h ago